Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2024

• 27 March 2024 2:36 am

  US dollar rises, but still awaits fresh catalysts

  

  The February orders for durable goods performed better than anticipated. Data on housing revealed some decline. This week’s focus will be on the release of PCE figures for February on Friday. Tuesday’s trading saw gains in the US dollar Index, slightly higher against its rival currencies, circling around 104.20. The …

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• 27 March 2024 1:45 am

  Gold shines again on retreating T-yields

  

  As US Treasury yields decline and the US dollar fluctuates, gold prices climb. Treasury yields’ decline supports Gold’s rise, but the US Dollar Index’s slight increase opposes it. Tuesday’s US data was mixed, with lower consumer confidence and higher durable goods orders influencing the overall market sentiment. Although the price …

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• 26 March 2024 10:32 pm

  China Boosts Investor Confidence By Earlier Positive Data

  

  Facing the slowing economy, China is trying a new approach to manage public perception. They’re releasing positive economic data earlier than usual with the aim to boost investor confidence as well as paint a more optimistic outlook.This tactic debuted in January when Premier Li Qiang preempted the official announcement of …

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• 26 March 2024 9:29 pm

  Rising US Stocks look forward to Fresh Records

  

  Fresh records have become the usual story on Wall Street during the first quarter of the year. Accordingly; The US stocks rose on Tuesday as markets looked to continue to rally. The S&P 500 rose nearly 0.3%, while the Dow Jones Industrial Average edged higher by roughly 0.2%. The tech-heavy …

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• 26 March 2024 7:55 pm

  GBP/USD retreats on higher BoE rate cut expectations

  

  The Pound Sterling is facing pressure near 1.2650 against the US Dollar in Tuesday’s early American session as the latter rebounds. The GBP/USD pair is trading at 1.2630, down -0.05% at the time of writing.Investors expect the Bank of England (BoE) to be more dovish this year than previously anticipated, …

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• 26 March 2024 6:16 pm

  What is behind Treasury yields’ recent rise?

  

  Despite the Federal Reserve’s signals of three interest-rate cuts this year, Treasury yields, a key driver of mortgage rates and other borrowing costs, continue rising anyway.As of Monday, the yield on the benchmark 10-year US Treasury note was 4.252%, up from 3.860% at the end of the previous year. As …

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• 26 March 2024 4:16 pm

  European Stocks Start Lower Amid Mixed Fed Signals and Mining Sector Decline

  

  European stock markets opened with a slight downtrend on Tuesday, as investors grappled with conflicting signals from Federal Reserve policymakers and a dip in mining stocks. Here’s a closer look at today’s market movements: STOXX 600 Index Slips The European STOXX 600 index edged down by 0.1 percent as of …

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• 26 March 2024 12:41 pm

  Mixed Performance in Japan’s Nikkei Index as Chip Stocks Offset Declines

  

  In today’s trading session, the Japanese Nikkei index witnessed a day of relatively subdued activity, with minor fluctuations driven by a combination of gains in chip-related stocks and declines in prominent players such as Fast Retailing and Nissan Motor. Here’s a breakdown of the key highlights from the market: Semiconductor …

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• 26 March 2024 11:49 am

  Dollar Retreats Amid Profit-Taking and Yen Strength

  

  In the ever-evolving landscape of global currency markets, the US dollar faced a modest decline on Tuesday, driven by a combination of profit-taking in stocks and a resurgence in the strength of the Japanese yen. These movements come amidst ongoing efforts by Japanese officials to defend their currency from further …

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• 26 March 2024 11:16 am

  Oil Prices Hold Steady Amid Uncertainty Following Russian Supply Cuts

  

  Oil prices showed little change on Tuesday following a rise in the previous session, as investors weighed mixed expectations amidst Russia’s supply cuts in response to recent Ukrainian attacks on Russian refineries. However, a slight decline in the dollar provided some support to the market. In Monday’s session, Brent crude …

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• 26 March 2024 10:27 am

  Gold Prices Steady Amid Focus on US Inflation Data

  

  Gold prices remained steady on Tuesday as investors shifted their attention to upcoming US inflation data, which could offer insights into the timing of potential interest rate cuts by the US central bank. Spot gold settled at $2,170.59 per ounce by 0310 GMT, while US gold futures dipped 0.2 percent …

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• 26 March 2024 4:07 am

  Market Drivers; US Session, March 25

  

  The USD Index (DXY) declined from recent highs during the week’s bearish opening, although it continued to trade over the 104.00 mark. The Conference Board’s tracking of US Consumer Confidence, together with the FHFA’s House Price Index and Durable Goods Orders, will be the main topics of interest on March …

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• 26 March 2024 3:48 am

  Crypto Market Surges on FOMO and Institutional Interest

  

  Cryptocurrencies are witnessing a significant rally, with Bitcoin leading the most recent advance. After a famous bullish prediction, Bitcoin price has skyrocketed, trading, at the time of writing, at the $70,365 level, which is up over 4.5%, and meanwhile close to its all-time high of nearly $74,000. This price leap …

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